German Dax waiting for a signal 19/4/2022

The movements of the German DAX witnessed Limited positive attempts recording its highest level at 14218, benefiting from the support level of 14050.

We notice a conflict in the technical signals on the technical side today. First, we found the 50-day moving average trying to push the price to the upside, which contradicts the clear negativity features on the stochastic indicator.

Therefore, we prefer to monitor the price behavior of the indicator until the activation of the following pending orders:

To get a bullish trend, we need to witness stability above 14,050, and the most important thing is to witness cohesion for the index above 14,200, which opens the door to achieving gains that may touch 14,290 initially.

To get a bearish trend, this requires a clear and strong break of the support level of 140,50, will witness touching 14,000 and 13,960, respectively.

Note: The risk level is high.

Note: CFD trading involves high risk; all scenarios may occur.

S1: 14035	R1: 14200
S2: 13960	R2: 14290
S3: 13870	R3: 14370